Add spend data to investments
In this step, you enter the planned costs for each investment per month. For example, say the entry of planned expenses is completed by the beginning of the fiscal year. The plan columns are then locked by an administrator and the spend data is updated in the forecast columns. Locking allows you to compare the plan data from the beginning of the fiscal year with the changes in the forecast columns.
Currency
If your organization operates internationally and the different marketing teams manage their investments in their local currencies, an Uptempo administrator can define the appropriate currency for each investment plan. For more information see Identify the investment plan currency.
Sometimes you need to enter expenses in currencies other than the investment plan currency, because spends are incurred in other countries. For example, say the investment plan is managed in USD, but an amount is spent in EUR. You can handle this by setting a multi-currency value. See Enter an amount in a different currency.
Requirements
To enter planned expenses, the plan columns must be displayed in the investment plan. Usually, the expenses are planned on a monthly basis. However, some companies plan quarterly.
You know your budget: The goal is to spend exactly the entire budget. The application helps you with the Metrics panel by showing you your target to spend in the FY Investment Target:
The FY Left to plan number shows you how much money you can still plan for.
Add spend data
Add spend data to an investment
Open the investment plan for which you want to plan spend.
For each line item (white cells), enter what you expect to spend in what month (quarter).
The entered numbers are summed up for the sub-categories and categories up to the Grand Total line (grey cells).
Plan appropriate amounts until FY Left to plan in the Metrics panel reaches 0.
You have planned the budget specified for an investment plan.